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Coastal Suites 3604 Market St 62 Room Hotel Wilmington, NC 28403 For Sale
INVESTMENT HIGHLIGHTS
- Prime Market Street location with easy commuter access
- Strong demand from leisure, business & UNCW guests
- Minutes from downtown Wilmington & Wrightsville Beach
- 62-room independent hotel with growth potential
EXECUTIVE SUMMARY
Cushman & Wakefield’s Hospitality Group has been retained to offer for sale the fee simple interest in the 62-room Coastal Suites, located in Wilmington, North Carolina. The property is an independent, 2-story, limited-service hotel that is situated directly off of Market Street, providing ease of access to commuters along one of Wilmington’s main thoroughfares. Positioned just minutes from historic downtown Wilmington, Wrightsville Beach, and the University of North Carolina Wilmington (UNCW), the property benefits from strong year-round demand driven by leisure travelers, business guests, and university-related activity. The Coastal Suites offers investors the opportunity to acquire a 62-room, independent property in an established and growing market with exceptional upside opportunity.
PROPERTY FACTS
| Sale Type | Investment | No. Rooms | 62 |
| Property Type | Hospitality | No. Stories | 2 |
| Property Subtype | Hotel | Year Built | 1990 |
| Building Class | C | Parking Ratio | 4.62/1,000 SF |
| Lot Size | 1.00 AC | Corridor | Interior |
| Building Size | 22,224 SF | ||
| Zoning | O&I - Office / Institutional | ||
| Sale Type | Investment |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 1.00 AC |
| Building Size | 22,224 SF |
| No. Rooms | 62 |
| No. Stories | 2 |
| Year Built | 1990 |
| Parking Ratio | 4.62/1,000 SF |
| Corridor | Interior |
| Zoning | O&I - Office / Institutional |
AMENITIES
- High Speed Internet Access
- Public Access Wifi
ROOM MIX INFORMATION
| DESCRIPTION | NO. ROOMS | DAILY RATE | SF |
|---|---|---|---|
| Suite | 1 | $135.00 | - |
| Guest Room | 61 | $93.00 | - |
PROPERTY TAXES
| Parcel Number | R04913-010-004-001 | Improvements Assessment | $4,296,900 |
| Land Assessment | $459,100 | Total Assessment | $4,756,000 |
PROPERTY TAXES
Parcel Number
R04913-010-004-001
Land Assessment
$459,100
Improvements Assessment
$4,296,900
Total Assessment
$4,756,000
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Coastal Suites | 3604 Market St
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